Indonesia will formally join BRICS as a full member, Brazil's government said on Monday, further expanding the group of major emerging economies that also includes Russia, India, China and South Africa.

Home to over 284 million people, the Asian nation boasts the world's fourth-largest population and ranks as the tenth-largest economy by purchasing power parity.

Indonesia, Southeast Asia’s largest economy and the world’s fourth-most populous nation, has become the newest member of Brics, the Brazilian foreign ministry announced on Monday. Brazil serves this year as president of the association comprising major emerging national economies,

Holding the rotating presidency of BRICS, Brazil announced Monday that Indonesia has officially joined the international bloc. BRICS, a geopolitical alliance established in 2009, was originally composed of Brazil, Russia, India, China, and South Africa.

Brasilia: Currently holding the presidency of the group of emerging economies, BRICS, the government of Brazil announced today that Indonesia is officially joining the bloc as a full member.

Indonesia, the world’s fourth most-populous nation, had previously expressed its desire to join the group as a means of strengthening emerging countries and furthering the interests of the so-called Global South.

Indonesia has become the newest member of the BRICS group of developing nations, in a move that could further bolster the Global South as Donald Trump’s trade policies pose risks to world economy.

Brazil's government said in a statement on Monday that Indonesia is formally joining the BRICS group of major emerging economies as a full member. The South American country holds the bloc's presidency in 2025.